Share Price and Basic Stock Data
Last Updated: December 25, 2025, 9:07 am
| PEG Ratio | 0.63 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
CEAT Ltd, a prominent player in the Tyres & Tubes industry, reported a current price of ₹3,907, with a market capitalization of ₹15,804 Cr. The company’s revenue trajectory has shown consistent growth, with total sales increasing from ₹9,363 Cr in FY 2022 to ₹11,315 Cr in FY 2023, and projected to reach ₹13,218 Cr in FY 2025. The trailing twelve months (TTM) revenue stood at ₹14,023 Cr, indicating a robust upward trend. Quarterly sales figures reflected this growth, with Jun 2023 sales at ₹2,935 Cr, rising to ₹3,053 Cr in Sep 2023, and further to ₹3,421 Cr by Mar 2025. This growth is underpinned by CEAT’s strategic focus on product innovation and market expansion. The company has effectively leveraged its operational capabilities to enhance its competitive position in the tyre market, catering to both OEMs and the replacement segment, which has been crucial for sustaining revenue growth amid fluctuating market conditions.
Profitability and Efficiency Metrics
CEAT Ltd’s profitability metrics demonstrate a solid operational performance, characterized by an operating profit margin (OPM) of 11% and a return on equity (ROE) of 11.8%. The company recorded an operating profit of ₹1,475 Cr in FY 2025, although it declined from ₹1,653 Cr in FY 2024, indicating some operational challenges. Quarterly operating profit figures also depicted variability, with a peak of ₹456 Cr in Sep 2023, while the net profit for FY 2025 stood at ₹494 Cr. The interest coverage ratio (ICR) of 5.37x indicates a strong ability to meet interest obligations, suggesting efficient financial management. The company’s cash conversion cycle (CCC) of -13 days reflects effective inventory and receivables management, allowing CEAT to generate cash flow swiftly. However, the fluctuating OPM, which peaked at 15% in Sep 2023 before declining, highlights potential pressures from cost inflation and competitive pricing strategies.
Balance Sheet Strength and Financial Ratios
CEAT Ltd’s balance sheet reveals a healthy financial structure, with total assets recorded at ₹11,212 Cr and total borrowings at ₹3,114 Cr, resulting in a manageable debt-to-equity ratio of 0.44. The company’s reserves have grown to ₹4,532 Cr, showcasing a strong capacity for reinvestment and financial stability. The price-to-book value ratio (P/BV) stood at 2.67x, indicating investor confidence in the company’s growth potential relative to its net asset value. Additionally, the current ratio of 0.66 suggests a tighter liquidity position, which could raise concerns regarding short-term obligations. CEAT’s return on capital employed (ROCE) of 15.4% reinforces its ability to generate returns from its capital investments, although it has seen a decline from previous periods. The overall financial ratios indicate a stable foundation, yet the company’s liquidity position warrants attention, particularly in a competitive and capital-intensive industry.
Shareholding Pattern and Investor Confidence
The shareholding pattern of CEAT Ltd reflects a balanced distribution among various stakeholders, with promoters holding 47.21% of the equity. Foreign institutional investors (FIIs) have seen a decline from 24.09% in Dec 2022 to 16.21% by Sep 2025, suggesting a potential shift in foreign investor sentiment. Domestic institutional investors (DIIs) have increased their stake to 21.05%, indicating growing confidence among local institutional investors. The public shareholding stood at 15.38%, with a total of 1,36,233 shareholders, highlighting a broad base of retail participation. This diverse ownership structure can be advantageous for CEAT as it mitigates risks associated with concentrated ownership. However, the declining FII interest may pose challenges in terms of stock liquidity and overall market perception. The evolving shareholding dynamics may influence future capital raising and strategic decisions.
Outlook, Risks, and Final Insight
Looking ahead, CEAT Ltd’s growth trajectory hinges on its ability to navigate several risks, including raw material price volatility and increasing competition in the tyre sector. While the company has demonstrated resilience with a robust revenue and profit structure, the declining margins and fluctuating operational profits raise concerns about its pricing strategies and cost management. Strengths include a strong market position, a diversified product portfolio, and efficient operations reflected in its negative cash conversion cycle. Conversely, risks such as reliance on external financing, indicated by a relatively high debt level, and the potential for reduced consumer spending could impact future performance. If CEAT can effectively manage these risks while capitalizing on its strengths, it may continue to enhance shareholder value and maintain its competitive edge in the tyre industry.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Goodyear India Ltd | 1,972 Cr. | 855 | 1,071/806 | 47.5 | 249 | 2.80 % | 13.0 % | 9.31 % | 10.0 |
| TVS Srichakra Ltd | 3,090 Cr. | 4,034 | 4,788/2,430 | 127 | 1,508 | 0.42 % | 5.36 % | 2.35 % | 10.0 |
| JK Tyre & Industries Ltd | 13,937 Cr. | 509 | 522/232 | 25.5 | 191 | 0.59 % | 12.8 % | 11.1 % | 2.00 |
| CEAT Ltd | 15,687 Cr. | 3,878 | 4,438/2,322 | 29.9 | 1,130 | 0.77 % | 15.4 % | 11.8 % | 10.0 |
| Balkrishna Industries Ltd | 44,447 Cr. | 2,299 | 2,930/2,152 | 32.2 | 540 | 0.70 % | 16.7 % | 15.8 % | 2.00 |
| Industry Average | 18,605.17 Cr | 2,014.50 | 47.80 | 643.83 | 1.04% | 12.44% | 9.83% | 5.83 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,818 | 2,894 | 2,727 | 2,875 | 2,935 | 3,053 | 2,963 | 2,992 | 3,193 | 3,305 | 3,300 | 3,421 | 3,529 |
| Expenses | 2,653 | 2,691 | 2,490 | 2,507 | 2,548 | 2,597 | 2,546 | 2,600 | 2,810 | 2,942 | 2,959 | 3,033 | 3,142 |
| Operating Profit | 165 | 203 | 238 | 368 | 387 | 456 | 418 | 392 | 383 | 362 | 341 | 388 | 388 |
| OPM % | 6% | 7% | 9% | 13% | 13% | 15% | 14% | 13% | 12% | 11% | 10% | 11% | 11% |
| Other Income | 2 | -14 | 2 | -6 | 3 | 10 | 3 | -55 | 14 | 3 | 3 | -33 | 1 |
| Interest | 52 | 58 | 66 | 67 | 70 | 72 | 66 | 62 | 62 | 66 | 75 | 74 | 82 |
| Depreciation | 111 | 115 | 117 | 125 | 121 | 124 | 127 | 136 | 132 | 137 | 141 | 152 | 151 |
| Profit before tax | 4 | 16 | 56 | 170 | 199 | 270 | 228 | 139 | 203 | 162 | 128 | 129 | 156 |
| Tax % | 31% | 65% | 27% | 27% | 27% | 25% | 24% | 33% | 27% | 29% | 28% | 28% | 27% |
| Net Profit | 9 | 6 | 35 | 132 | 144 | 208 | 181 | 102 | 154 | 121 | 97 | 99 | 112 |
| EPS in Rs | 2.29 | 1.94 | 8.75 | 33.05 | 35.75 | 51.42 | 44.87 | 26.84 | 38.11 | 30.13 | 24.01 | 24.60 | 27.80 |
Last Updated: August 1, 2025, 10:55 pm
Below is a detailed analysis of the quarterly data for CEAT Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 3,529.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,421.00 Cr. (Mar 2025) to 3,529.00 Cr., marking an increase of 108.00 Cr..
- For Expenses, as of Jun 2025, the value is 3,142.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,033.00 Cr. (Mar 2025) to 3,142.00 Cr., marking an increase of 109.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 388.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 388.00 Cr..
- For OPM %, as of Jun 2025, the value is 11.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 11.00%.
- For Other Income, as of Jun 2025, the value is 1.00 Cr.. The value appears strong and on an upward trend. It has increased from -33.00 Cr. (Mar 2025) to 1.00 Cr., marking an increase of 34.00 Cr..
- For Interest, as of Jun 2025, the value is 82.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 74.00 Cr. (Mar 2025) to 82.00 Cr., marking an increase of 8.00 Cr..
- For Depreciation, as of Jun 2025, the value is 151.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 152.00 Cr. (Mar 2025) to 151.00 Cr., marking a decrease of 1.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 156.00 Cr.. The value appears strong and on an upward trend. It has increased from 129.00 Cr. (Mar 2025) to 156.00 Cr., marking an increase of 27.00 Cr..
- For Tax %, as of Jun 2025, the value is 27.00%. The value appears to be improving (decreasing) as expected. It has decreased from 28.00% (Mar 2025) to 27.00%, marking a decrease of 1.00%.
- For Net Profit, as of Jun 2025, the value is 112.00 Cr.. The value appears strong and on an upward trend. It has increased from 99.00 Cr. (Mar 2025) to 112.00 Cr., marking an increase of 13.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 27.80. The value appears strong and on an upward trend. It has increased from 24.60 (Mar 2025) to 27.80, marking an increase of 3.20.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 5:31 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,464 | 5,705 | 5,484 | 5,766 | 6,282 | 6,985 | 6,779 | 7,610 | 9,363 | 11,315 | 11,943 | 13,218 | 14,023 |
| Expenses | 4,790 | 5,013 | 4,694 | 5,096 | 5,652 | 6,332 | 6,052 | 6,617 | 8,640 | 10,341 | 10,291 | 11,742 | 12,402 |
| Operating Profit | 673 | 692 | 789 | 670 | 630 | 652 | 727 | 993 | 724 | 974 | 1,653 | 1,475 | 1,620 |
| OPM % | 12% | 12% | 14% | 12% | 10% | 9% | 11% | 13% | 8% | 9% | 14% | 11% | 12% |
| Other Income | 3 | 16 | 7 | 28 | 9 | 10 | 8 | 10 | 17 | -8 | -18 | 8 | -24 |
| Interest | 187 | 142 | 101 | 90 | 104 | 93 | 154 | 179 | 210 | 242 | 269 | 278 | 318 |
| Depreciation | 87 | 93 | 108 | 143 | 169 | 193 | 277 | 340 | 435 | 469 | 509 | 563 | 619 |
| Profit before tax | 403 | 472 | 587 | 466 | 367 | 376 | 304 | 484 | 95 | 254 | 857 | 643 | 659 |
| Tax % | 33% | 33% | 32% | 23% | 36% | 33% | 24% | 11% | 26% | 28% | 26% | 27% | |
| Net Profit | 271 | 314 | 436 | 359 | 233 | 251 | 230 | 432 | 71 | 182 | 635 | 471 | 494 |
| EPS in Rs | 75.44 | 78.41 | 108.17 | 89.28 | 58.83 | 62.35 | 57.17 | 106.81 | 17.60 | 46.02 | 158.87 | 116.85 | 122.38 |
| Dividend Payout % | 13% | 13% | 11% | 13% | 20% | 19% | 21% | 17% | 17% | 26% | 19% | 3% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 15.87% | 38.85% | -17.66% | -35.10% | 7.73% | -8.37% | 87.83% | -83.56% | 156.34% | 248.90% | -25.83% |
| Change in YoY Net Profit Growth (%) | 0.00% | 22.99% | -56.51% | -17.44% | 42.82% | -16.09% | 96.19% | -171.39% | 239.90% | 92.56% | -274.73% |
CEAT Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 14% |
| 3 Years: | 12% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 15% |
| 3 Years: | 79% |
| TTM: | -33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 31% |
| 3 Years: | 34% |
| 1 Year: | 15% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 11% |
| 3 Years: | 12% |
| Last Year: | 12% |
Last Updated: September 5, 2025, 1:40 am
Balance Sheet
Last Updated: December 4, 2025, 1:05 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 36 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| Reserves | 993 | 1,642 | 2,014 | 2,374 | 2,566 | 2,726 | 2,867 | 3,276 | 3,232 | 3,399 | 4,002 | 4,328 | 4,532 |
| Borrowings | 1,174 | 775 | 663 | 924 | 872 | 1,498 | 2,035 | 1,533 | 2,229 | 2,295 | 1,792 | 2,136 | 3,114 |
| Other Liabilities | 1,338 | 1,365 | 1,390 | 1,578 | 1,669 | 2,140 | 2,423 | 3,284 | 3,658 | 3,891 | 4,160 | 4,707 | 5,416 |
| Total Liabilities | 3,540 | 3,822 | 4,108 | 4,917 | 5,146 | 6,404 | 7,366 | 8,133 | 9,160 | 9,627 | 9,994 | 11,212 | 13,102 |
| Fixed Assets | 1,565 | 1,581 | 2,032 | 2,453 | 2,709 | 3,180 | 4,160 | 4,763 | 5,329 | 6,096 | 6,271 | 6,984 | 8,194 |
| CWIP | 82 | 229 | 299 | 326 | 310 | 833 | 1,069 | 793 | 876 | 596 | 684 | 538 | 536 |
| Investments | 0 | 312 | 195 | 232 | 214 | 181 | 184 | 210 | 179 | 170 | 182 | 190 | 176 |
| Other Assets | 1,893 | 1,700 | 1,581 | 1,907 | 1,914 | 2,210 | 1,954 | 2,367 | 2,775 | 2,765 | 2,858 | 3,501 | 4,196 |
| Total Assets | 3,540 | 3,822 | 4,108 | 4,917 | 5,146 | 6,404 | 7,366 | 8,133 | 9,160 | 9,627 | 9,994 | 11,212 | 13,102 |
Below is a detailed analysis of the balance sheet data for CEAT Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 40.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 40.00 Cr..
- For Reserves, as of Sep 2025, the value is 4,532.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,328.00 Cr. (Mar 2025) to 4,532.00 Cr., marking an increase of 204.00 Cr..
- For Borrowings, as of Sep 2025, the value is 3,114.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 2,136.00 Cr. (Mar 2025) to 3,114.00 Cr., marking an increase of 978.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 5,416.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,707.00 Cr. (Mar 2025) to 5,416.00 Cr., marking an increase of 709.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 13,102.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 11,212.00 Cr. (Mar 2025) to 13,102.00 Cr., marking an increase of 1,890.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 8,194.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,984.00 Cr. (Mar 2025) to 8,194.00 Cr., marking an increase of 1,210.00 Cr..
- For CWIP, as of Sep 2025, the value is 536.00 Cr.. The value appears to be declining and may need further review. It has decreased from 538.00 Cr. (Mar 2025) to 536.00 Cr., marking a decrease of 2.00 Cr..
- For Investments, as of Sep 2025, the value is 176.00 Cr.. The value appears to be declining and may need further review. It has decreased from 190.00 Cr. (Mar 2025) to 176.00 Cr., marking a decrease of 14.00 Cr..
- For Other Assets, as of Sep 2025, the value is 4,196.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,501.00 Cr. (Mar 2025) to 4,196.00 Cr., marking an increase of 695.00 Cr..
- For Total Assets, as of Sep 2025, the value is 13,102.00 Cr.. The value appears strong and on an upward trend. It has increased from 11,212.00 Cr. (Mar 2025) to 13,102.00 Cr., marking an increase of 1,890.00 Cr..
Notably, the Reserves (4,532.00 Cr.) exceed the Borrowings (3,114.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 672.00 | -83.00 | 126.00 | -254.00 | -242.00 | 651.00 | 725.00 | 992.00 | 722.00 | 972.00 | 0.00 | -1.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 50 | 45 | 40 | 39 | 43 | 37 | 36 | 44 | 45 | 42 | 39 | 46 |
| Inventory Days | 77 | 70 | 76 | 101 | 75 | 88 | 88 | 97 | 79 | 56 | 61 | 63 |
| Days Payable | 71 | 68 | 75 | 81 | 83 | 92 | 111 | 157 | 131 | 112 | 123 | 122 |
| Cash Conversion Cycle | 57 | 47 | 40 | 59 | 35 | 33 | 12 | -16 | -6 | -14 | -23 | -13 |
| Working Capital Days | -19 | -7 | 11 | 21 | -9 | -11 | -27 | -41 | -41 | -49 | -51 | -49 |
| ROCE % | 30% | 26% | 27% | 19% | 15% | 13% | 10% | 14% | 6% | 9% | 20% | 15% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Mirae Asset Large & Midcap Fund | 1,521,556 | 1.34 | 585.34 | 1,546,268 | 2025-12-08 05:14:22 | -1.6% |
| Mirae Asset ELSS Tax Saver Fund | 1,134,597 | 1.6 | 436.48 | 844,258 | 2025-12-08 05:06:49 | 34.39% |
| HDFC Mid Cap Fund | 912,978 | 0.38 | 351.22 | N/A | N/A | N/A |
| Mirae Asset Midcap Fund | 865,687 | 1.81 | 333.03 | 875,363 | 2025-12-07 07:53:20 | -1.11% |
| Tata Value Fund | 439,018 | 1.87 | 168.89 | N/A | N/A | N/A |
| Franklin India Small Cap Fund | 241,881 | 0.69 | 93.05 | 281,284 | 2025-12-15 00:18:48 | -14.01% |
| Edelweiss Mid Cap Fund | 218,091 | 0.64 | 83.9 | N/A | N/A | N/A |
| Mirae Asset Great Consumer Fund | 207,331 | 1.67 | 79.76 | 387,902 | 2025-12-07 09:46:39 | -46.55% |
| Aditya Birla Sun Life Midcap Fund | 207,229 | 1.27 | 79.72 | N/A | N/A | N/A |
| Aditya Birla Sun Life Small Cap Fund | 145,977 | 1.11 | 56.16 | 154,856 | 2025-12-08 06:36:54 | -5.73% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 116.85 | 158.87 | 46.03 | 17.60 | 106.81 |
| Diluted EPS (Rs.) | 116.85 | 158.87 | 46.03 | 17.60 | 106.81 |
| Cash EPS (Rs.) | 250.25 | 277.70 | 159.08 | 117.93 | 181.86 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 1079.98 | 1001.82 | 854.64 | 814.92 | 825.59 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 1079.98 | 1001.82 | 854.64 | 814.92 | 825.59 |
| Revenue From Operations / Share (Rs.) | 3267.70 | 2952.65 | 2797.25 | 2314.81 | 1881.24 |
| PBDIT / Share (Rs.) | 368.77 | 413.34 | 244.93 | 178.29 | 246.42 |
| PBIT / Share (Rs.) | 229.67 | 287.55 | 128.91 | 70.70 | 162.46 |
| PBT / Share (Rs.) | 153.67 | 206.65 | 60.80 | 16.35 | 110.65 |
| Net Profit / Share (Rs.) | 111.14 | 151.91 | 43.06 | 10.34 | 97.90 |
| NP After MI And SOA / Share (Rs.) | 116.85 | 158.88 | 46.02 | 17.60 | 106.81 |
| PBDIT Margin (%) | 11.28 | 13.99 | 8.75 | 7.70 | 13.09 |
| PBIT Margin (%) | 7.02 | 9.73 | 4.60 | 3.05 | 8.63 |
| PBT Margin (%) | 4.70 | 6.99 | 2.17 | 0.70 | 5.88 |
| Net Profit Margin (%) | 3.40 | 5.14 | 1.53 | 0.44 | 5.20 |
| NP After MI And SOA Margin (%) | 3.57 | 5.38 | 1.64 | 0.76 | 5.67 |
| Return on Networth / Equity (%) | 10.81 | 15.89 | 5.41 | 2.17 | 13.02 |
| Return on Capital Employeed (%) | 15.36 | 20.54 | 9.50 | 5.20 | 12.92 |
| Return On Assets (%) | 4.21 | 6.43 | 1.93 | 0.77 | 5.31 |
| Long Term Debt / Equity (X) | 0.21 | 0.23 | 0.41 | 0.52 | 0.40 |
| Total Debt / Equity (X) | 0.44 | 0.40 | 0.60 | 0.64 | 0.41 |
| Asset Turnover Ratio (%) | 1.25 | 1.22 | 1.21 | 0.00 | 0.99 |
| Current Ratio (X) | 0.66 | 0.63 | 0.64 | 0.72 | 0.73 |
| Quick Ratio (X) | 0.39 | 0.36 | 0.37 | 0.36 | 0.36 |
| Inventory Turnover Ratio (X) | 10.32 | 6.05 | 6.04 | 0.00 | 4.10 |
| Dividend Payout Ratio (NP) (%) | 25.67 | 7.55 | 6.52 | 102.26 | 0.00 |
| Dividend Payout Ratio (CP) (%) | 11.72 | 4.21 | 1.85 | 14.37 | 0.00 |
| Earning Retention Ratio (%) | 74.33 | 92.45 | 93.48 | -2.26 | 0.00 |
| Cash Earning Retention Ratio (%) | 88.28 | 95.79 | 98.15 | 85.63 | 0.00 |
| Interest Coverage Ratio (X) | 5.37 | 6.21 | 4.09 | 3.48 | 5.68 |
| Interest Coverage Ratio (Post Tax) (X) | 2.72 | 3.50 | 1.86 | 1.26 | 3.45 |
| Enterprise Value (Cr.) | 13536.08 | 12411.06 | 7904.07 | 5853.14 | 7657.42 |
| EV / Net Operating Revenue (X) | 1.02 | 1.04 | 0.69 | 0.62 | 1.01 |
| EV / EBITDA (X) | 9.07 | 7.42 | 7.98 | 8.12 | 7.68 |
| MarketCap / Net Operating Revenue (X) | 0.88 | 0.90 | 0.51 | 0.40 | 0.82 |
| Retention Ratios (%) | 74.32 | 92.44 | 93.47 | -2.26 | 0.00 |
| Price / BV (X) | 2.67 | 2.68 | 1.71 | 1.15 | 1.90 |
| Price / Net Operating Revenue (X) | 0.88 | 0.90 | 0.51 | 0.40 | 0.82 |
| EarningsYield | 0.04 | 0.05 | 0.03 | 0.01 | 0.06 |
After reviewing the key financial ratios for CEAT Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 116.85. This value is within the healthy range. It has decreased from 158.87 (Mar 24) to 116.85, marking a decrease of 42.02.
- For Diluted EPS (Rs.), as of Mar 25, the value is 116.85. This value is within the healthy range. It has decreased from 158.87 (Mar 24) to 116.85, marking a decrease of 42.02.
- For Cash EPS (Rs.), as of Mar 25, the value is 250.25. This value is within the healthy range. It has decreased from 277.70 (Mar 24) to 250.25, marking a decrease of 27.45.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 1,079.98. It has increased from 1,001.82 (Mar 24) to 1,079.98, marking an increase of 78.16.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 1,079.98. It has increased from 1,001.82 (Mar 24) to 1,079.98, marking an increase of 78.16.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 3,267.70. It has increased from 2,952.65 (Mar 24) to 3,267.70, marking an increase of 315.05.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 368.77. This value is within the healthy range. It has decreased from 413.34 (Mar 24) to 368.77, marking a decrease of 44.57.
- For PBIT / Share (Rs.), as of Mar 25, the value is 229.67. This value is within the healthy range. It has decreased from 287.55 (Mar 24) to 229.67, marking a decrease of 57.88.
- For PBT / Share (Rs.), as of Mar 25, the value is 153.67. This value is within the healthy range. It has decreased from 206.65 (Mar 24) to 153.67, marking a decrease of 52.98.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 111.14. This value is within the healthy range. It has decreased from 151.91 (Mar 24) to 111.14, marking a decrease of 40.77.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 116.85. This value is within the healthy range. It has decreased from 158.88 (Mar 24) to 116.85, marking a decrease of 42.03.
- For PBDIT Margin (%), as of Mar 25, the value is 11.28. This value is within the healthy range. It has decreased from 13.99 (Mar 24) to 11.28, marking a decrease of 2.71.
- For PBIT Margin (%), as of Mar 25, the value is 7.02. This value is below the healthy minimum of 10. It has decreased from 9.73 (Mar 24) to 7.02, marking a decrease of 2.71.
- For PBT Margin (%), as of Mar 25, the value is 4.70. This value is below the healthy minimum of 10. It has decreased from 6.99 (Mar 24) to 4.70, marking a decrease of 2.29.
- For Net Profit Margin (%), as of Mar 25, the value is 3.40. This value is below the healthy minimum of 5. It has decreased from 5.14 (Mar 24) to 3.40, marking a decrease of 1.74.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 3.57. This value is below the healthy minimum of 8. It has decreased from 5.38 (Mar 24) to 3.57, marking a decrease of 1.81.
- For Return on Networth / Equity (%), as of Mar 25, the value is 10.81. This value is below the healthy minimum of 15. It has decreased from 15.89 (Mar 24) to 10.81, marking a decrease of 5.08.
- For Return on Capital Employeed (%), as of Mar 25, the value is 15.36. This value is within the healthy range. It has decreased from 20.54 (Mar 24) to 15.36, marking a decrease of 5.18.
- For Return On Assets (%), as of Mar 25, the value is 4.21. This value is below the healthy minimum of 5. It has decreased from 6.43 (Mar 24) to 4.21, marking a decrease of 2.22.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.21. This value is within the healthy range. It has decreased from 0.23 (Mar 24) to 0.21, marking a decrease of 0.02.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.44. This value is within the healthy range. It has increased from 0.40 (Mar 24) to 0.44, marking an increase of 0.04.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.25. It has increased from 1.22 (Mar 24) to 1.25, marking an increase of 0.03.
- For Current Ratio (X), as of Mar 25, the value is 0.66. This value is below the healthy minimum of 1.5. It has increased from 0.63 (Mar 24) to 0.66, marking an increase of 0.03.
- For Quick Ratio (X), as of Mar 25, the value is 0.39. This value is below the healthy minimum of 1. It has increased from 0.36 (Mar 24) to 0.39, marking an increase of 0.03.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 10.32. This value exceeds the healthy maximum of 8. It has increased from 6.05 (Mar 24) to 10.32, marking an increase of 4.27.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 25.67. This value is within the healthy range. It has increased from 7.55 (Mar 24) to 25.67, marking an increase of 18.12.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 11.72. This value is below the healthy minimum of 20. It has increased from 4.21 (Mar 24) to 11.72, marking an increase of 7.51.
- For Earning Retention Ratio (%), as of Mar 25, the value is 74.33. This value exceeds the healthy maximum of 70. It has decreased from 92.45 (Mar 24) to 74.33, marking a decrease of 18.12.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 88.28. This value exceeds the healthy maximum of 70. It has decreased from 95.79 (Mar 24) to 88.28, marking a decrease of 7.51.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 5.37. This value is within the healthy range. It has decreased from 6.21 (Mar 24) to 5.37, marking a decrease of 0.84.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 2.72. This value is below the healthy minimum of 3. It has decreased from 3.50 (Mar 24) to 2.72, marking a decrease of 0.78.
- For Enterprise Value (Cr.), as of Mar 25, the value is 13,536.08. It has increased from 12,411.06 (Mar 24) to 13,536.08, marking an increase of 1,125.02.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 1.02. This value is within the healthy range. It has decreased from 1.04 (Mar 24) to 1.02, marking a decrease of 0.02.
- For EV / EBITDA (X), as of Mar 25, the value is 9.07. This value is within the healthy range. It has increased from 7.42 (Mar 24) to 9.07, marking an increase of 1.65.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.88. This value is below the healthy minimum of 1. It has decreased from 0.90 (Mar 24) to 0.88, marking a decrease of 0.02.
- For Retention Ratios (%), as of Mar 25, the value is 74.32. This value exceeds the healthy maximum of 70. It has decreased from 92.44 (Mar 24) to 74.32, marking a decrease of 18.12.
- For Price / BV (X), as of Mar 25, the value is 2.67. This value is within the healthy range. It has decreased from 2.68 (Mar 24) to 2.67, marking a decrease of 0.01.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.88. This value is below the healthy minimum of 1. It has decreased from 0.90 (Mar 24) to 0.88, marking a decrease of 0.02.
- For EarningsYield, as of Mar 25, the value is 0.04. This value is below the healthy minimum of 5. It has decreased from 0.05 (Mar 24) to 0.04, marking a decrease of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in CEAT Ltd:
- Net Profit Margin: 3.4%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 15.36% (Industry Average ROCE: 12.44%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 10.81% (Industry Average ROE: 9.83%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 2.72
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 0.39
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 29.9 (Industry average Stock P/E: 47.8)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.44
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 3.4%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Tyres & Tubes | 463, Dr. Annie Besant Road, Worli, Mumbai Maharashtra 400030 | Contact not found |
| Management | |
|---|---|
| Name | Position Held |
| Mr. H V Goenka | Chairman |
| Mr. Anant Vardhan Goenka | Vice Chairman |
| Mr. Arnab Banerjee | Managing Director & CEO |
| Mr. Paras K Chowdhary | Non Independent Director |
| Mr. Pierre E Cohade | Non Independent Director |
| Ms. Daisy Chittilapilly | Independent Director |
| Mr. Milind Sarwate | Independent Director |
| Ms. Sukanya Kripalu | Independent Director |
| Dr. Santrupt Misra | Independent Director |
FAQ
What is the intrinsic value of CEAT Ltd?
CEAT Ltd's intrinsic value (as of 25 December 2025) is 3214.05 which is 17.12% lower the current market price of 3,878.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 15,687 Cr. market cap, FY2025-2026 high/low of 4,438/2,322, reserves of ₹4,532 Cr, and liabilities of 13,102 Cr.
What is the Market Cap of CEAT Ltd?
The Market Cap of CEAT Ltd is 15,687 Cr..
What is the current Stock Price of CEAT Ltd as on 25 December 2025?
The current stock price of CEAT Ltd as on 25 December 2025 is 3,878.
What is the High / Low of CEAT Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of CEAT Ltd stocks is 4,438/2,322.
What is the Stock P/E of CEAT Ltd?
The Stock P/E of CEAT Ltd is 29.9.
What is the Book Value of CEAT Ltd?
The Book Value of CEAT Ltd is 1,130.
What is the Dividend Yield of CEAT Ltd?
The Dividend Yield of CEAT Ltd is 0.77 %.
What is the ROCE of CEAT Ltd?
The ROCE of CEAT Ltd is 15.4 %.
What is the ROE of CEAT Ltd?
The ROE of CEAT Ltd is 11.8 %.
What is the Face Value of CEAT Ltd?
The Face Value of CEAT Ltd is 10.0.